The EUR/JPY pair remains stable around 162.60 during early European trading on Friday.
EUR/JPY remains steady with downside risks amidverbal intervention from Japan ese authorities. Japan ’s Atsushi Mimura stated that recent Yen movements have been somewhat rapid and one-sided. The Euro faced challenges as the ECB reduced its Rate on Deposit Facility to 3.25%. The Japan ese Yen finds support from verbal interventions by Japan ese authorities.
During the post-meeting press conference, ECB President Christine Lagarde left the markets uncertain about the timing of future rate cuts, though she reassured that the Eurozone economy is on course for a soft landing. Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors.
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